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Archives for August 2016

The $37 question

If you have a variable rate home loan, you might already be enjoying lower loan repayments as a result of recent rate cuts. (If you're not sure how your lender responded to the August RBA announcement, you can find out here.) The reduced rates became effective for most lenders by the middle of August, but there were some who only officially lowered their rates over the last few days.  If your next statement doesn't reflect a reduction in the rate, you may need to investigate! We’ve said it … [Read more...]

Separating your finances

Going through a separation is extremely difficult. There are so many things to organise and sort out and that's all on top of the emotional side of things. Whilst chatting to a mortgage professional is probably not high on your “to-do” list during this time, it can be a critical step in achieving your goals going forward. Here are a few ways we can help. We can determine your borrowing capacity It’s good to be clear about how you would like joint assets to be separated, but you need … [Read more...]

MO’R MORTGAGE OPTIONS is REIACT’s 2016 Mortgage Provider of the Year (again!)

We are thrilled to announce we have been named REIACT's 2016 Mortgage Provider of the Year.  This is the third time we've won this award and want to thank you all for your continued support! ‪ … [Read more...]

Lenders announce interest rate changes

*Post Updated 5 August 16 Following Tuesday's RBA announcement of a drop to the official cash rate, the interest rate changes announced by the major lenders are as follows:               CBA will drop their interest rates by 13 basis points. NAB has announced a decrease of 10 basis points. ANZ will reduce interest rates by 12 basis points. WPAC has announced they will be reducing their interest rates by 14 basis … [Read more...]

RBA Interest Rate Decision – August 2016

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.50 per cent, effective 3 August 2016. Here's the statement issued by Glenn Stevens, Governor: Monetary Policy Decision. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a number of emerging market economies. Actions by Chinese policymakers are supporting … [Read more...]

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